Michael D. Winston - Aug 10, 2023 Form 4 Insider Report for Jet.AI Inc. (JTAI)

Role
EXEC. CHAIRMAN & INTERIM CEO, Director, 10%+ Owner
Signature
/S/ MICHAEL D. WINSTON
Stock symbol
JTAI
Transactions as of
Aug 10, 2023
Transactions value $
$0
Form type
4
Date filed
8/23/2023, 11:51 AM
Next filing
Aug 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JTAI COMMON STOCK, PAR VALUE $0.0001 PER SHARE Award +2.56M 2.56M Aug 10, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction JTAI MERGER CONSIDERATION WARRANT (RIGHT TO BUY) Award +4.08M 4.08M Aug 10, 2023 COMMON STOCK, PAR VALUE $0.0001 PER SHARE 4.08M $15.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received in connection with Oxbridge Acquisition Corp.'s business combination transaction with Jet Token Inc. in accordance with the terms of the Business Combination Agreement and Plan of Reorganization, dated February 24, 2023, as amended by Amendment No. 1 to the Business Combination Agreement, dated May 11, 2023, by and among Oxbridge Acquisition Corp., OXAC Merger Sub I, Inc., Summerlin Aviation LLC, and Jet Token Inc.